Time to press accelerator with higher infra spend, inviting global capital
Calendar year 2022 was a tough one for global markets. While in India the benchmark indices just about managed some gains and were up for the seventh year in a row, they were small at about 4.4 per cent.
In comparison, Dow Jones and Nasdaq lost quite a bit of ground. This also led to outflows from Indian markets to other markets.
It’s a different equation that markets where the money went to, did not perform and one saw FII money flowing into India once again in the fourth quarter of 2022.
The Union Budget would be presented on February 1. Expectations run high and almost everyone has a wish list.
